Kakao Ventures

Kakao Ventures, established in 2012, is a South Korean venture capital firm headquartered in Seongnam-si. As an independent subsidiary of Kakao Corp., it manages external funds from limited partners. The firm specializes in seed and early-stage investments, focusing on tech-enabled startups in advanced technology, deep tech, mobile, service, and gaming sectors. Known for its founder-friendly approach, it is one of the most active seed venture capital firms in Korea.

Anne Ahn

Senior Associate

Eddie Chang

Director

Kim Chi-won

Executive Director, Managing Director and Partner

Mike Cho

Senior Associate

Andy Choi

Associate

Shin-ah Chung

CEO and Partner

Jade Chung

Senior Associate

Brian Jang

Director

Aiden Jang

Principal Associate

Jade Jung

Senior Associate

Kim Ki-Jun

CEO and Partner

Jacob Kim

Principal Associate

Jun Kim

CEO

Zero Kim

Associate

Inbae Lee

Principal

Justin Shin

Senior Associate

Ryan Won

Managing Director

Past deals in Video Games

23rd Century Children

Seed Round in 2024
23rd Century Children is a Virtual entertainment startup. 23rd Century Kids is developing virtual artists for fans to interact with in various environments, using real-time motion capture rendering and toon shading for a cartoon-like feel.

GPUN

Seed Round in 2024
GPUN is a technology company that operates a game development platform. This platform empowers individuals to create and publish their own games, with a focus on mobile gaming. GPUN's flagship game, a subculture mechanic shooting game, immerses players in a post-apocalyptic world where humanity must fight to reclaim Earth from alien invaders, providing engaging and fun gaming experiences.

Sandy Floor

Seed Round in 2024
Sandy Floor is a multiplayer games platform. It develops of casual fun games.

Polestar Games

Seed Round in 2023
Polestar Games is a developer of online gaming platforms, specializing in creating massively multiplayer online role-playing games (MMORPGs) that cater to both PC and console gamers. Their flagship project, 'Project N', is an open-world, medieval dark fantasy game. Despite industry skepticism about the feasibility of AAA-level MMORPGs supporting both platforms, Polestar Games aims to bridge this gap, offering a unique and engaging gaming experience for a wider audience.

Dremo

Funding Round in 2023
Dremo's challenge is to extend the value of gaming to millions of people throughout the world by creating games that are enjoyable for family and friends. It eagerly await your participation in the challenge!

AFI

Series A in 2022
AFI is a server solution that provides the features specific to games and the post-release operating console.

VAGames

Seed Round in 2022
VAGames is a mobile game development company specializing in the subculture genre. It creates character collection-type strategy RPG games, employing 3D cartoon rendering graphic technology to enhance the visual experience. Through a publishing partnership with Smilegate Megaport, VAGames delivers engaging and user-friendly mobile role-playing games that cater to a diverse audience of gamers. The company's focus on innovative graphics and gameplay mechanics positions it uniquely within the mobile gaming market.

Lunimedia

Series A in 2020
Lunimedia Corporation is a South Korean company that operates a digital distribution platform for PC games, primarily targeting the B2B market of PC cafes. Established in 2017 and headquartered in Seoul, Lunimedia's platform, Lunipark, facilitates access to a wide array of PC games for developers, addressing challenges in distributing titles that are hard to reach. By focusing on the concentrated gamer pool within PC cafes, Lunimedia enables users to access these games at low costs, thus providing an efficient solution for both game developers and players.

Spatial

Series A in 2020
Spatial Systems, Inc. offers an augmented workplace platform designed to enhance communication and collaboration among users. Founded in 2016 and headquartered in New York, the company enables users to conduct meetings with spatial audio and 3D telepresence, facilitating a more immersive experience. Additionally, Spatial's platform allows for the sharing and organization of various digital content, including 3D models, videos, documents, images, and websites. The focus of the company is to transform how people work by creating a collective computing environment that fosters creativity and productivity. Spatial has attracted investment from notable firms and individuals, positioning itself as a leader in the augmented reality and virtual reality space.

Nyou

Series B in 2019
Nyou is a game development company focused on creating and publishing recreational games. The company specializes in developing immersive experiences, including a massively multiplayer online role-playing game set in a dynamic medieval world. This game evolves based on players' decisions, providing engaging content that captivates users. Through its innovative approach, Nyou aims to enhance the gaming experience and keep players invested in the evolving narrative of its games.

Lunimedia

Venture Round in 2019
Lunimedia Corporation is a South Korean company that operates a digital distribution platform for PC games, primarily targeting the B2B market of PC cafes. Established in 2017 and headquartered in Seoul, Lunimedia's platform, Lunipark, facilitates access to a wide array of PC games for developers, addressing challenges in distributing titles that are hard to reach. By focusing on the concentrated gamer pool within PC cafes, Lunimedia enables users to access these games at low costs, thus providing an efficient solution for both game developers and players.

Spatial

Seed Round in 2019
Spatial Systems, Inc. offers an augmented workplace platform designed to enhance communication and collaboration among users. Founded in 2016 and headquartered in New York, the company enables users to conduct meetings with spatial audio and 3D telepresence, facilitating a more immersive experience. Additionally, Spatial's platform allows for the sharing and organization of various digital content, including 3D models, videos, documents, images, and websites. The focus of the company is to transform how people work by creating a collective computing environment that fosters creativity and productivity. Spatial has attracted investment from notable firms and individuals, positioning itself as a leader in the augmented reality and virtual reality space.

Spatial

Seed Round in 2018
Spatial Systems, Inc. offers an augmented workplace platform designed to enhance communication and collaboration among users. Founded in 2016 and headquartered in New York, the company enables users to conduct meetings with spatial audio and 3D telepresence, facilitating a more immersive experience. Additionally, Spatial's platform allows for the sharing and organization of various digital content, including 3D models, videos, documents, images, and websites. The focus of the company is to transform how people work by creating a collective computing environment that fosters creativity and productivity. Spatial has attracted investment from notable firms and individuals, positioning itself as a leader in the augmented reality and virtual reality space.

Nyou

Series A in 2018
Nyou is a game development company focused on creating and publishing recreational games. The company specializes in developing immersive experiences, including a massively multiplayer online role-playing game set in a dynamic medieval world. This game evolves based on players' decisions, providing engaging content that captivates users. Through its innovative approach, Nyou aims to enhance the gaming experience and keep players invested in the evolving narrative of its games.

Nerd Games

Seed Round in 2017
Nerd Games is a mobile game creator that aims to transform the way people play games. They provide games such as action games with real-time siege, allowing gamers to experience a new manner of playing action games.

Fincon

Venture Round in 2017
Fincon is a developer of an online gaming platform that specializes in creating real-time strategy games with a cartoon style. The company focuses on delivering engaging gaming experiences across various devices, including smartphones, tablets, and desktops. Known for its successful titles, Fincon gained significant recognition with the mobile game "Hello Hero," which topped the charts in the domestic market and achieved global acclaim. The game has garnered a loyal user base and demonstrated strong revenue performance, maintaining high sales figures within the top apps. Fincon's commitment to developing immersive gameplay has positioned it as a notable player in the gaming industry, appealing to a wide range of gaming enthusiasts.

Playsnak

Seed Round in 2016
Playsnak GmbH, established in 2015, is a global mobile games publisher headquartered in Berlin, Germany, with operations in Los Angeles, California. The company publishes a diverse range of games, including self-developed first-party titles, second-party games from mobile game developers worldwide, and third-party games. Playsnak also specializes in producing virtual reality and puzzle games, aiming to provide immersive gaming experiences to its users.

Saltlab

Series B in 2016
Saltlab a first person shooting game developer.

Shift Up

Venture Round in 2016
Shiftup is a game design and development studio founded in 2013 by art director Kim Hyeong-tae. The company specializes in various aspects of game production and also engages in the creation of promotional videos and music. With a focus on illustration, planning, and programming, Shiftup aims to deliver high-quality gaming experiences and related media content.

CwaveSoft

Series A in 2016
CwaveSoft Inc. is an online gaming studio based in Seoul, South Korea, that specializes in developing action games. Founded in 2013 by a former head director of Nexon, the company aims to provide engaging and challenging gaming experiences for players. By focusing on PC game genres, CwaveSoft enables game developers to concentrate on creating innovative and entertaining content for the gaming community.

PlayHard

Seed Round in 2016
PlayHard is an indie game development company founded by CEO Jung-Hyeok Shin and Art Director Gi-Ho Jeong. The company specializes in creating engaging and accessible mobile games, focusing on action and strategy genres. Their unique approach combines fun elements within an indie-specific framework, aimed at enhancing player experiences. One of their notable projects is "Red Bros," a casual RPG featuring touch-friendly drag-and-drop mechanics that allow players to strategically place and defeat mercenaries and native forces in battle. This game is set for release in 2016 and exemplifies PlayHard's commitment to providing immersive entertainment on mobile platforms.

V8 Games

Seed Round in 2016
V8 Games, founded in 2015 and based in Seoul, South Korea, specializes in developing mobile games. The company focuses on creating casual social networking games and has a team composed of key personnel from Party Games. V8 Games offers titles such as "Minion Forest," which are accessible across various platforms, allowing players to fully engage in immersive gaming experiences.

KoKomo Games

Series B in 2016
Kokomo Games is a gaming studio based in Seoul, South Korea, established in 2014. The company specializes in designing and developing massively multiplayer online role-playing games (MMORPGs). With a team of experienced professionals who have previously contributed to significant titles like "Lineage2" and "Blade&Soul," Kokomo aims to carve out a niche in the hardcore RPG genre, which they view as an untapped market. Unlike the current trend towards trading card games and midcore RPGs, Kokomo is focused on creating a flagship mobile MMORPG that appeals to gamers in Asia, particularly those with interests similar to the Korean gaming community. The studio's mission is to enhance the gaming experience by developing interactive, narrative-driven games that support multiplayer engagement in real-time.

MOAIGAMES

Series B in 2016
MOAIGAMES is a gaming platform that offers role-playing mobile and video games.

Moai Games

Series A in 2016
Moai Games is a gaming company that offers video and PC games.

Still8

Series B in 2016
In the early days of E-Sports, unrivaled skills and overflowing enthusiasm towards games were the only two requisites to become a professional gamer. Nowadays with the rise of global E-Sports fandoms, performance became only one of many requisites of a pro-gamer. Fans are connected to pro-gamers everywhere through various channels such as SNS and live & video platforms. In order to satisfy their needs and be loved by them, a professional gamer needs more than just playing games. E-Sportainment is the compound word of E-Sports and Entertainment. It’s the most explicit and mission-oriented word to describe what STILL8 does. Combining entertainment factors with E-Sports, we help current pro-gamers to boost their talents and retired pro-gamers to sustain their career. Playing games is one part, amusing fans with various entertainments is another. As so, STILL8 ultimately pursues the E-Sports of the gamer, by the gamer, and for the gamer.

Affinity Corporation

Seed Round in 2015
Affinity Corporation is a company specializing in mobile gaming developement designed to optimize the user's gaming experience.

Still8

Series A in 2015
In the early days of E-Sports, unrivaled skills and overflowing enthusiasm towards games were the only two requisites to become a professional gamer. Nowadays with the rise of global E-Sports fandoms, performance became only one of many requisites of a pro-gamer. Fans are connected to pro-gamers everywhere through various channels such as SNS and live & video platforms. In order to satisfy their needs and be loved by them, a professional gamer needs more than just playing games. E-Sportainment is the compound word of E-Sports and Entertainment. It’s the most explicit and mission-oriented word to describe what STILL8 does. Combining entertainment factors with E-Sports, we help current pro-gamers to boost their talents and retired pro-gamers to sustain their career. Playing games is one part, amusing fans with various entertainments is another. As so, STILL8 ultimately pursues the E-Sports of the gamer, by the gamer, and for the gamer.

Saltlab

Seed Round in 2015
Saltlab a first person shooting game developer.

Paranoid Joy

Seed Round in 2015
The paranoid joy team is led by the chief executive officer ‘Kang Ji Hoon’ who was a former representative of ‘Webzen Ymir games’. The team consists of key members who have worked together at Neowiz Games, Webzen, Ymir, acquired by Webzen. They launched a mobile turn based strategy RPG titled ‘Demigod War’ in late 2014. It is now available in about 132 countries.

Popjoy Games

Seed Round in 2015
Popjoy Games is a mobile gaming company based in Seoul, South Korea, specializing in the development of multiplayer games that facilitate global player interaction. The company focuses on real-time war strategy genres, with notable titles including Demi God War, Yoda Devasangra, and Cartoon Network Arena. By incorporating advanced AI game server technology, Popjoy Games supports real-time multiplayer experiences on mobile platforms, allowing users to engage in player-versus-player battles in various arenas. Through its innovative approach, the company aims to create a dynamic gaming environment that connects players worldwide.

KoKomo Games

Series A in 2015
Kokomo Games is a gaming studio based in Seoul, South Korea, established in 2014. The company specializes in designing and developing massively multiplayer online role-playing games (MMORPGs). With a team of experienced professionals who have previously contributed to significant titles like "Lineage2" and "Blade&Soul," Kokomo aims to carve out a niche in the hardcore RPG genre, which they view as an untapped market. Unlike the current trend towards trading card games and midcore RPGs, Kokomo is focused on creating a flagship mobile MMORPG that appeals to gamers in Asia, particularly those with interests similar to the Korean gaming community. The studio's mission is to enhance the gaming experience by developing interactive, narrative-driven games that support multiplayer engagement in real-time.

Supreme Games

Seed Round in 2015
Supreme Games is a mobile game developer that aims to enhance the gaming experience through innovative design and gameplay. Comprising a team with over ten years of experience from leading South Korean game companies, including Webzen, Neowiz, and NC-Soft, the company specializes in role-playing games (RPGs) that feature real-time action and dynamic weapon switching tailored to the battlefield. This approach allows players to engage more deeply and compete on a global scale. The team's expertise is particularly notable in the art and animation division, which is a key strength in developing action RPGs.

A33 Studio

Seed Round in 2014
A-33 Studio team is led by the chief executive officer ‘Kim Dong Sun’ who was in charge of the development, launch and operation of ‘Counter Strike Online’ which is one of the top 3 online FPS games in Korea. The team consists of developers who have worked together for ‘CS Online’ and ‘Combat Arms’ at Nexon, one of the top online game makers in the world.

Cocoon Games

Seed Round in 2014
Cocoon Games is a mobile game development company that specializes in creating core strategy genre games. The company aims to provide gamers with engaging and interactive experiences that can be enjoyed on mobile devices, allowing for gaming anytime and anywhere. Through its focus on developing innovative gameplay mechanics and immersive content, Cocoon Games seeks to appeal to a broad audience of mobile gamers.

Howling Soft

Seed Round in 2014
Howling Soft is a game startup.

Red Sahara Studio

Seed Round in 2014
Red Sahara Studio is a mobile game developer based in Seongnam-si, South Korea, and operates as a subsidiary of Krafton Inc. The company focuses on creating a diverse range of engaging games aimed at providing enjoyment to players. Red Sahara Studio's offerings include both single and multiplayer battle modes, featuring options for auto and manual gameplay, along with character customization, which allows users to fully immerse themselves in virtual combat experiences.

Cherry Bugs

Angel Round in 2014
The Cherry Bugs team consists of six experienced developers who worked together at WeMade Entertainment, one of Korea’s top game companies, for many years and produced award-winning games. CEO Chul Ho Jung was the Section Chief of WeMade Entertainment’s graphics department, which had 120 graphic designers. His PC game ‘The Boss’ won the Grand Prize at the 2003 Korea Game Awards. Producer Hyun Jin Jang is a globally recognized animator who won 4th Place at Dominance War, the international game art competition.

O'ol Blue

Angel Round in 2013
O'ol Blue Inc. is a South Korean mobile game developer established in 2012. The company is known for creating engaging gaming experiences, including the video game HunterHunter and other titles like Mighty Quest. O'ol Blue's games are designed to be compatible with various platforms, including iOS, Naver, and U+ devices, allowing users to connect and compete with players globally. Through its innovative approach to mobile gaming, O'ol Blue aims to enhance the entertainment options available to users.

Dryad

Seed Round in 2013
Dryad is a mobile game development platform based in South Korea, founded on May 18, 2012. The company specializes in creating online role-playing games (RPGs) aimed at users in the South Korean market. Through its innovative game development approach, Dryad seeks to engage players by providing immersive gaming experiences that cater to the preferences of local audiences.

Neptune

Pre Seed Round in 2012
Neptune Company, founded in 2012 and based in Seongnam, South Korea, specializes in the development of mobile games for smartphones and tablet PCs. The company operates as an online game center, providing services that support game developers in creating engaging mobile experiences. Neptune focuses on developing its own games while also acquiring intellectual properties across various genres, aiming to strengthen its portfolio and expand its presence in both the domestic and international gaming markets.

Fincon

Angel Round in 2012
Fincon is a developer of an online gaming platform that specializes in creating real-time strategy games with a cartoon style. The company focuses on delivering engaging gaming experiences across various devices, including smartphones, tablets, and desktops. Known for its successful titles, Fincon gained significant recognition with the mobile game "Hello Hero," which topped the charts in the domestic market and achieved global acclaim. The game has garnered a loyal user base and demonstrated strong revenue performance, maintaining high sales figures within the top apps. Fincon's commitment to developing immersive gameplay has positioned it as a notable player in the gaming industry, appealing to a wide range of gaming enthusiasts.
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